Trupanion (NASDAQ:TRUP) Price Target Raised to $34.00

Trupanion (NASDAQ:TRUP) had its target price lifted by Stifel Nicolaus from $29.00 to $34.00 in a research note published on Monday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the financial services provider’s stock.

TRUP has been the topic of several other research reports. Piper Sandler cut shares of Trupanion from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $45.00 to $32.00 in a research report on Wednesday, August 26th. Zacks Research lowered shares of Trupanion from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. Atlantic Securities set a $42.00 target price on shares of Trupanion in a report on Wednesday, July 15th. Cantor Fitzgerald upped their target price on shares of Trupanion from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Wall Street Zen raised shares of Trupanion from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $40.00.

Trupanion Price Performance

NASDAQ:TRUP opened at $34.36 on Monday. The business’s 50-day moving average is $27.49 and its 200 day moving average is $26.72. Trupanion has a 12 month low of $21.16 and a 12 month high of $39.61. The company has a market capitalization of $1.49 billion, a P/E ratio of 56.16, a P/E/G ratio of 1.58 and a beta of 1.27. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.24.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings results on Thursday, November 5th. The financial services provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $405.59 million during the quarter, compared to analysts’ expectations of $402.53 million. Trupanion had a return on equity of 6.71% and a net margin of 1.71%. During the same quarter last year, the business posted $0.13 EPS. On average, equities research analysts forecast that Trupanion will post 0.68 earnings per share for the current fiscal year.

Insider Transactions at Trupanion

In other Trupanion news, COO John R. Gallagher sold 3,604 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $29.70, for a total value of $107,038.80. Following the completion of the sale, the chief operating officer owned 33,742 shares of the company’s stock, valued at $1,002,137.40. This trade represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Fawwad Qureshi sold 6,111 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $30.01, for a total value of $183,391.11. Following the transaction, the chief financial officer owned 4,230 shares of the company’s stock, valued at $126,942.30. This trade represents a 59.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 13,068 shares of company stock worth $379,333. 5.58% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Trupanion

Several large investors have recently added to or reduced their stakes in TRUP. Landscape Capital Management L.L.C. raised its holdings in shares of Trupanion by 27.8% in the third quarter. Landscape Capital Management L.L.C. now owns 132,191 shares of the financial services provider’s stock valued at $3,088,000 after acquiring an additional 28,736 shares in the last quarter. Fifth Third Bancorp grew its holdings in Trupanion by 4.0% during the 3rd quarter. Fifth Third Bancorp now owns 7,772 shares of the financial services provider’s stock worth $182,000 after acquiring an additional 302 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in Trupanion by 22.8% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 20,635 shares of the financial services provider’s stock valued at $482,000 after purchasing an additional 3,833 shares during the period. Oregon Public Employees Retirement Fund increased its position in Trupanion by 7.7% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 8,359 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 600 shares during the period. Finally, Corecam Pte. Ltd. increased its position in Trupanion by 17.0% during the 3rd quarter. Corecam Pte. Ltd. now owns 21,610 shares of the financial services provider’s stock valued at $505,000 after purchasing an additional 3,145 shares during the period.

Trupanion Company Profile

Trupanion provides medical insurance for cats and dogs, offering coverage for eligible veterinary care. Its products are designed to help pet owners manage unexpected costs from illnesses and injuries, subject to policy terms and exclusions. The company also provides software and payment services that enable participating veterinary practices to submit claims and receive payments directly, reducing the need for customers to pay covered costs upfront and seek reimbursement. Founded in 2000 and headquartered in Seattle, Trupanion serves customers in the United States and Canada.